1y return+29.2%S&P 500 +20.9%
3y return+41.4%S&P 500 +68.5%
5y return+44.4%S&P 500 +74.5%
10y return+218.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $318 against $357 in the S&P 500.2
Smead Capital Management, Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| CVECenovus Energy Inc | $331.4M | 7.1% | −10.1% |
| SPGSimon Ppty Group Inc New | $313.0M | 6.7% | −10.3% |
| MRKMerck & Co Inc | $300.0M | 6.4% | −5.5% |
| MACMacerich Co | $289.2M | 6.2% | −5.5% |
| APAApa Corporation | $254.3M | 5.5% | −5.6% |
| AMGNAmgen Inc | $238.7M | 5.1% | −5.5% |
| DHID R Horton Inc | $230.3M | 4.9% | −5.6% |
| AXPAmerican Express Co | $192.5M | 4.1% | −5.6% |
| NVRNvr Inc | $192.5M | 4.1% | +31.2% |
| TGTTarget Corp | $184.2M | 4.0% | −5.5% |
| LENLennar Corp | $182.8M | 3.9% | +27.4% |
| FITBFifth Third Bancorp | $178.8M | 3.8% | +12.0% |
| FANGDiamondback Energy Inc | $177.5M | 3.8% | −5.5% |
| COPConocophillips | $164.0M | 3.5% | −5.6% |
| BACBank Of Amer Corp | $148.5M | 3.2% | −5.5% |
| OXYOccidental Pete Corp | $140.4M | 3.0% | −6.6% |
| UNHUnitedhealth Group Inc | $136.5M | 2.9% | −5.4% |
| WALWestern Alliance Bancorp | $131.1M | 2.8% | +17.6% |
| JPMJpmorgan Chase & Co | $128.6M | 2.8% | −5.6% |
| CACCCredit Accep Corp Mich | $126.6M | 2.7% | −5.5% |
| UHAL/BU Haul Holding Company | $117.2M | 2.5% | −5.4% |
| HDHome Depot Inc | $102.3M | 2.2% | −5.6% |
| EBAYEbay Inc. | $91.2M | 2.0% | −53.9% |
| ZTSZoetis Inc | $88.6M | 1.9% | New |
| MTBM & T Bk Corp | $66.1M | 1.4% | −5.5% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| OXY/WSOccidental Pete Corp | September 30, 2020 | +787.2% | $1.7M |
| AXPAmerican Express Co | June 30, 2020 | +255.3% | $192.5M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $128.6M |
| CVECenovus Energy Inc | March 31, 2021 | +229.9% | $331.4M |
| SPGSimon Ppty Group Inc New | June 30, 2020 | +227.1% | $313.0M |
| DHID R Horton Inc | June 30, 2020 | +193.8% | $230.3M |
| MACMacerich Co | June 30, 2020 | +180.8% | $289.2M |
| COPConocophillips | December 31, 2020 | +160.0% | $164.0M |
| BACBank Of Amer Corp | June 30, 2020 | +139.9% | $148.5M |
| EBAYEbay Inc. | June 30, 2020 | +113.1% | $91.2M |
Sold off last quarter
- QCOMQualcomm Inc was $70.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.9% | +14.8% |
| March 31, 2026 | +9.2% | −4.6% |
| December 31, 2025 | −0.1% | +2.4% |
| September 30, 2025 | +10.8% | +7.8% |
| June 30, 2025 | −1.9% | +10.5% |
| March 31, 2025 | −4.0% | −4.6% |
| December 31, 2024 | −6.5% | +2.1% |
| September 30, 2024 | +5.2% | +5.4% |
| June 30, 2024 | −5.1% | +4.0% |
| March 31, 2024 | +11.0% | +10.0% |
| December 31, 2023 | +13.7% | +11.2% |
| September 30, 2023 | −1.2% | −3.6% |
| June 30, 2023 | +3.1% | +8.3% |
| March 31, 2023 | +0.1% | +7.0% |
| December 31, 2022 | +7.5% | +7.1% |
| September 30, 2022 | −2.2% | −5.3% |
| June 30, 2022 | −13.6% | −16.5% |
| March 31, 2022 | +0.7% | −4.9% |
| December 31, 2021 | +8.4% | +10.7% |
| September 30, 2021 | −0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Smead Capital Management, Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1427008&type=13F-HR&dateb=&owner=include&count=40CIK 1427008
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1427008/000117266126003262/Filed August 11, 2026 · accession 0001172661-26-003262